THREE [25] Great White (Pty) Ltd has one employee who is paid on a monthly...
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THREE [25] Great White (Pty) Ltd has one employee who is paid on a monthly basis. The employees name is Steven Shade. Steven is paid a salary of R182 500 per annum, but this is expected to increase by 10% in 2024. Additional information; The year has 365 days and Steven is expected to work 5 days a week. Steven is owed 30 days leave per year Steven took 20 days leave in 2023. The leave policy of the company is accumulating. Great White (Pty) Ltds financial year end is 31 December 2023. Required: Please provide the journals as well as the supporting calculations for the following scenarios; 3.1 The leave is accumulating and vesting. Steven
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